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An appraiser is valuing an office building. Net operating income is $83,500 per year with 63% being attributable to the building. The market-derived capitalization rate

An appraiser is valuing an office building. Net operating income is $83,500 per year with 63% being attributable to the building. The market-derived capitalization rate for land is 8.15%. 



What is the value of the land?

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